Jeddah’s Red Sea coast is preparing for a dramatic transformation with the arrival of the first Atlantis and One&Only resorts in Saudi Arabia, the result of a historic joint venture. Midad Real Estate Company has partnered with the Jeddah Central Development Company (JCDC), controlled by the Public Investment Fund (PIF), and the international hospitality group Kerzner International, signaling a new era for luxury tourism in the Kingdom. The agreement, signed during the TOURISE Global Summit in the presence of the Saudi Minister of Tourism, Ahmed Al Khateeb, strengthens Jeddah Central’s role as a world-class cultural and recreational hub.
Crafting World-Class Destinations
Midad Real Estate will lead the development, bringing to life two flagship destinations. Atlantis Jeddah is envisioned to feature branded residences, the region’s first Aquaventure Waterpark, and the Lost Chambers Aquarium. This will be complemented by over 20 dining venues, luxury retail, and a waterfront entertainment pier, creating a vibrant hub.
Adjacent to this, One&Only Jeddah will offer an exclusive resort experience with rooms, suites, villas, and the brand’s first Private Homes community in Saudi Arabia. Guests can anticipate seven signature dining venues, the Club One Wellness Centre, and private beach access. Both developments are designed to respect Jeddah’s Corniche heritage through contemporary architecture and coral-inspired landscaping, with a strong emphasis on eco-conscious design and sustainable practices.
Strategic Impact on Saudi Vision 2030
This partnership extends beyond luxury amenities; it represents a strategic inflection point for Saudi Arabia’s Vision 2030. The arrival of world-renowned brands such as Atlantis and One&Only promises to transform Jeddah’s waterfront, attracting a high-profile international clientele. This move will significantly boost tourism, catalyze substantial investment, and generate considerable job creation across the hospitality and related service sectors. It also diversifies the Kingdom’s entertainment offerings, crucial for building an integrated, experience-driven economy.
Il Nuovo Punto di Ingresso Strategico per il Lusso Internazionale
The Kerzner International entry in Saudi Arabia marks a critical validation of the Kingdom’s tourism infrastructure ambitions. It underscores a clear and sustained appetite for established luxury brands and integrated lifestyle destinations. For international developers, investors, and luxury service providers, this partnership illuminates direct pathways into a rapidly expanding market. The emphasis on sustainable design also points to a demand for eco-conscious solutions and expertise. This collaboration solidifies Jeddah’s emergence as a dynamic coastal hub, setting new benchmarks for regional hospitality and offering significant opportunities for those prepared to engage with the Kingdom’s transformative vision.
Contact Haris Consultancy to navigate these evolving opportunities in Saudi Arabia’s dynamic hospitality sector.
